Most companies operating in Hong Kong are private limited
companies. Incorporation of a Hong Kong company takes around 10
Only one director is required and there are no restrictions on
nationality or residency. Incorporated Companies can also act as a
director. There is no requirement for board meetings to be held in
Hong Kong. The sole director cannot be the secretary of the same
Only one shareholder is required. Shareholder meetings do not
have to take place in Hong Kong. Nominee shareholders are allowed
and anonymity can be achieved by the use of our nominee shareholder
A Hong Kong company must have a company secretary this can
either be an individual or a limited company. If the secretary is
an individual, they must be a resident in Hong Kong. If the
secretary is a corporate body, then its registered office must be
in Hong Kong.
Separate classes of shares with different rights to dividends
are permitted, subject only to any restrictions in the
company's Articles of Association.
Annual General Meeting
Hong Kong companies are regulated by an Ordinance based on UK
company law. Apart from tax related matters, the only other
compliance requirement is that an Annual General Meeting is held
within 18 months of incorporation, then at least once every year
thereafter to receive the accounts and to elect/appoint
Ready Made Companies
Hong Kong ready-made companies with standard Memorandum and
Articles designed to permit most general activities are available
making it possible to commence business at very short notice. Our
ready-made companies are in good standing, are not the subject of
any insolvency proceedings and have not entered into any contracts
or engaged in any business activities.
A Statutory Declaration of Compliance
Amount of Share Capital, both authorised and issued and receive
the Certificate of Incorporation from Companies Registry. Then, we
will file the following documents:
Procedure to Incorporate
Submission of Memorandum and Articles of Association and a
Declaration of Compliance. A Notice of Situation of Registered
Office is also required to be filed within fourteen days of the
date of incorporation. Language of Legislation and Corporate
Documents Chinese or English can be used in the corporate
A Registered Office must be maintained in Hong Kong where the
correspondence from Hong Kong Government can be served.
Authorised and Issued Share Capital
The standard authorised share capital is HK$10,000. The minimum
issued capital is two shares of HK$1 each.
The Business Registration Fee, currently HK$2,600, is payable
within a month after incorporation and then annually.
Every year an annual return must be filed with the Registrar of
Companies showing changes in: Share Capital Name and address of
each shareholder and every person who ceased to be a shareholder in
the year No financial statements need be attached Shareholder
information is restricted only to the registered shareholders
– ultimate beneficial owners are not disclosed if using our
nominee shareholder service.
The line between rectification and improvement is a significant one in terms of trust documents. The Jersey Royal Court's judgment In The Matter of the H and J Trusts further clarifies the distinction.
We have set out below a short summary relating to the incorporation of an exempted company in the Cayman Islands along with a list of benefits and requirements.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).